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Trading Precious Metals, Gold And Silver In Interesting Times - DayTradeIdeas - 18/05/2022

Trading Precious Metals, Gold And Silver In Interesting Times - DayTradeIdeas - 18/05/2022 | FXMAG.COM
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Gold shorts at resistance at 1833/38 targets 1828/26 then 1818/15 & we could now be on the way to the next target of 1800. Further losses could retest this week's low at 1878/86. (I do not know why we saw a bounce from here, other than we are severely oversold).

Strong resistance at 1835/40. Shorts need stops above 1845. Strong resistance at 1850/55. Shorts need stops above 1860.

Silver made a high for the day exactly at strong resistance at 2180/2200. Shorts need stops above 2210. A break higher is a buy signal targeting resistance at 2260/70.

Shorts at strong resistance at 2180/2200 target 2130/20. If we continue lower look for 2100/2090. Below 2080 risks a slide to to the 200 week moving average at 2030/20.

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Jason Sen

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk


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